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The total population of Spencer town is estimated to be 2,965 with 1,498 males (50.52%) and 1,467 females (49.48%). There are 31 less females than males in Spencer town.
The median household income in Spencer town was $61,954 in 2021, which marked an a decrease of 3,410(5.22%) from $65,364 in 2020. This income is 83.04% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Spencer town sees its highest median household income among householders in the age group of 45 to 64 years old, at $77,691. Overall, the median household income for the town of Spencer town stands at $61,954.
In Spencer town, the median income for all workers aged 15 years and older, regardless of work hours, was $40,436 for males and $28,608 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $51,343 for males and $41,840 for females.
In Spencer town, there are just two different racial groups among households. Among these, White households report a median household income of $62,947, while Two or More Races households have a median household income of $58,526.
In 2022, the population of Spencer town was 2,903, a 1.12% decrease year-by-year from 2021. Previously, in 2021, Spencer town's population was 2,936, a decline of 0.88% compared to a population of 2,962 in 2020.
The median age in Spencer Town, New York is 36.1, as per 2021 ACS 5-Year Estimates. Of the total population, 19.65% were under the age of 15, 19.32% aged 15 to 29, 45.43% aged 30 to 64, 12.72% aged 65 to 84, and 2.88% were 85 years of age and older.
Racial distribution of Spencer town population: 94.71% are White, 0.44% are Black or African American, 0.13% are American Indian and Alaska Native, 2.18% are Asian and 2.54% are multiracial.